EW Group, an investment management company, has provided a further £200,000 loan to European Wealth Management Group (EWMG).
EW Group, which holds a 49% stake in EWMG, said that the loan has been sanctioned for two-year and bears interest of 10%, payable monthly.
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The total principal amount of outstanding loans to European Wealth is £2.5 million, while the new loan has been funded by a new investor.
The company did not provide any further details pertaining to the loan.
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